Viable Inc

Analysis

Viable Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Viable Inc reported income of $850k and spending of $755k, spending 89% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $924k to $850k (-8.0%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Viable Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Institute for Strategic and Equitable Development ($850k), Filling the Gap Inc ($850k) and Social Performance Task Force ($849k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $210k (28% of expenses). Other salaries and wages came to $199k. At year end it held assets of $167k against liabilities of $30k, net assets of $137k.